Core Viewpoint - Sanfu Outdoor (002780.SZ) reported a decline in institutional holdings in its third-quarter report for 2025, indicating a potential shift in investor sentiment [1] Institutional Holdings - As of October 28, 2025, four institutional investors disclosed holdings in Sanfu Outdoor A-shares, totaling 8.2414 million shares, which represents 5.23% of the company's total equity [1] - The institutional holding percentage decreased by 4.59 percentage points compared to the previous quarter [1] Public Fund Holdings - Two public funds reduced their holdings compared to the previous quarter, with a total decrease of 1.35% [1] - One new public fund disclosed its holdings during this period, namely the Nuoan Multi-Strategy Mixed Fund [1] - A total of 64 public funds that were previously disclosed did not report their holdings this quarter, including several notable funds such as Silver华品质消费股票A and 中银收益混合A [1]